More than $2.5 Billion in Donor-Advised Fund Grants Went to Other DAFs in 2021
The IRS just released two years of long-awaited nonprofit tax filings. We found an enormous jump in DAF-to-DAF giving.
The IRS just released two years of long-awaited nonprofit tax filings. We found an enormous jump in DAF-to-DAF giving.
Private foundations are currently allowed to make grants to donor-advised funds, or DAFs, and to count those grants toward their charitable distribution requirement of 5 percent of their assets each year.
When ultra-wealthy donors dominate philanthropy, our charities are less resilient.
Every year, wealthy donors divert more money into intermediaries, drying up the river of donations meant for working charities. We can change that.